The Greek election result is definitely easier to predict than the US Open played on the infamous Olympic Club course!
No prize for guessing the reaction of the currencies during the NZ opening hours. Question now is..... where is the fear? Do note that the next major risk event is on early Thursday morning where Fed will announce its FOMC decision.
Currently stops are seen on both sides.... 1.2550/40, 1.2590, 1.2650 then 1.2820/30, 1.2850. but judging from the proximity to current spot of 1.2690, the sell stops seem more reachable.
The weekly trend remains bullish but I can't get too bullish today and would take a chance to sell into rallies before E$ tries to establish a foothold before its next rally higher towards 1.28ish and then 1.3000.
1.2750/60 to cap (1.2780/90 stronger resistance) and 1.2630/40 to hold (1.2585/75 stronger support). Be less aggressive on the buy take profit level.
 |
| EUR$ Daily chart |
All the best and have a great week ahead!
No comments:
Post a Comment